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Key Details
Sold Price $1,330,000
Property Type Multi-Family
Sub Type 2 Family - 2 Units Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 2,359 sqft
Price per Sqft $563
MLS Listing ID 73235744
Sold Date 06/27/24
Bedrooms 6
Full Baths 2
Year Built 1900
Annual Tax Amount $9
Tax Year 9
Lot Size 3,484 Sqft
Acres 0.08
Property Description
1 Washington Street presents an enticing opportunity for end-users, investors, and developers seeking transit-oriented real estate. The property features a fully leased 6-bedroom, 2-bathroom duplex with ample parking spaces. Offering substantial in-place income, the property also holds promising potential for future value enhancement. Situated within an MR-4 zoning designation, it permits a 4-story mixed-use development as of right. Strategically positioned at the junction of Somerville and Charlestown, 1 Washington Street benefits from close proximity to key areas in both locales and taps into the burgeoning life science activity in Somerville and Cambridge. Residents enjoy convenient access to Union Square and swift transportation links to Boston via Sullivan Square and East Somerville train stations, fostering a rich array of employment and entertainment options. This offering represents a prime opportunity to leverage the dynamic growth of the Somerville submarket.
Location
State MA
County Middlesex
Zoning 9
Direction Property located on the corner of Crescent and Washington.
Exterior
Exterior Feature Other
Community Features Public Transportation, Shopping, Highway Access, Public School, T-Station, University
Waterfront false
Roof Type Other
Total Parking Spaces 6
Garage No
Building
Lot Description Corner Lot
Story 3
Foundation Other
Sewer Public Sewer
Water Public
Others
Senior Community false
Acceptable Financing Other (See Remarks)
Listing Terms Other (See Remarks)
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Bought with Robert Koritz • Robert Koritz Real Estate